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0.000831695145924582 0.00151217299259027 0.00831695145924689 0.00589747467110238 0.00672916981702696 -0.0019658248903676 0.00574625737184327 -0.00272191138666274
Stock impact report

Robinhood Stock Drops. Morgan Stanley's E*TRADE May Win SpaceX IPO Role [Yahoo! Finance]

Robinhood Markets, Inc. - Class A (HOOD) 
Company Research Source: Yahoo! Finance
Robinhood Markets ( NASDAQ:HOOD ) fell about 1.3% on Monday after reports said Morgan Stanley (MS) is likely to route retail shares in SpaceX's planned initial public offering through its E*TRADE platform, potentially limiting Robinhood's role in the deal. Morgan Stanley is expected to serve as a lead underwriter on the transaction and may direct a large share of the retail allocation to E*TRADE, according to the report. That could reduce the amount available to competing brokerage platforms, including Robinhood. Warning! GuruFocus has detected 8 Warning Signs with HOOD. Is HOOD fairly valued? Test your thesis with our free DCF calculator. SpaceX is seeking to raise $75 billion at a valuation of about $1.75 trillion, which would make it one of the largest listings ever. The company's plans are still being discussed and could change before the offering takes place later this year. The report said Robinhood could be left out of the deal entirely, though discussions remain ong Show less Read more
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